Bitcoin (BTC) Price Prediction: Massive Liquidations And ETF Outflows Intensify Selling Pressure

Bitcoin (BTC) has faced a sharp correction, shedding 12.6% from $92,160 to $82,160 between Monday and Wednesday—marking its steepest three-day decline

Bitcoin price (BTC) has faced a sharp correction, plummeting 12.6% from $92,160 to $82,160 between Monday and Wednesday—marking its steepest three-day decline since November 2022, when the FTX collapse battered the crypto market.

Amid BTC’s volatility, new meme coin projects such as Yeti Ouro (YETIO) are quickly gaining investor focus due to their unique blend of meme coin hype and utility token fundamentals.

Bitcoin Value Forecast: Massive Liquidations And ETF Outflows Intensify Selling Pressure

The recent plunge has triggered widespread liquidations, wiping out nearly $1.59 billion from the market in just 24 hours—with around 390,000 traders liquidated.

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Adding to Bitcoin’s woes, exchange-traded funds (ETFs) are seeing relentless outflows. Between February 24 and February 26, Bitcoin ETFs recorded $2.43 billion in net withdrawals. This continuous capital flight from institutional investment vehicles has compounded selling pressure on BTC.

Options Expiry and Market Structure: More Selling Ahead?

The situation may worsen as $5 billion worth of Bitcoin options contracts are set to expire on February 28.

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Trader and analyst Rekt Capital has flagged a potential short-term price roadmap based on CME Group’s Bitcoin futures market gaps. Historically, Bitcoin tends to “fill” such gaps before resuming a trend.

Rekt Capital suggests that after testing lower support levels, Bitcoin could eventually retest $93,500 as part of a relief rally, especially if market conditions stabilize.

YETIO Bringing In Real-world Usage

With investors continuously leaving SHIB due to its lack of real-world applications, YETIO is starting to attract them to its ecosystem. Built with the perfect combination of meme coins and altcoins, YETIO brings forth an ecosystem that not only provides fun engagement but also provides real-time application. Besides, YETIO believes in a community driven approach, which adds fuel to the token’s value.

YETIO is currently in the third of five stages of its presale phase, priced at $0.024, and has already provided a 100% ROI to the early investors of Stage 1. Over 201 million tokens have been sold already and there is a 10% bonus on purchases with an additional 5% on purchases over $500. One of the major reasons why investors flock to YETIO is its upcoming high-end racing game, Yeti Go.

Though YETIO is designing an ecosystem where the token will find varied utility, the major sector will be from the game Yeti Go. It is not just a racing game; Yeti Go is laced with unique play-to-earn mechanics where players get the chance to earn more YETIO tokens, which serves as the perfect reward for their skills.

The multiplayer game is currently in development and is already making rounds in the market. Its recent teaser shows off the amazing technology and graphics that the core team is using to make Yeti Go a unique gaming experience. The conceptualized art, character assets, and environmental hazards in the game are designed to provide more layers to it.

Here is an exclusive trailer released by the team showcasing the game’s high quality graphics:

Yeti Go is crafted by the developers behind iconic titles like Spider-Man, Call of Duty, The Witcher, and Dead Space, delivering stunning AAA-quality graphics. Its audio is masterfully produced by top sound engineers who have worked with Grammy-winning artists such as Major Lazer, Kabaka Pyramid, and Vybz Kartel.

As Yeti Go continues to reach new milestones in its development phase, early adopters prepare themselves for the beta testing era and the chance to earn extra YETIO before official launch.

Moreover, the successful closure of YETIO’s previous presale stages gives hope that the project might have a good surge post its launch period. As the project is built on Ethereum Blockchain, it has chances of good scalability, which early adopters are hoping for, and provides transparency as well. Besides, YETIO is audited by SOLIDProof which clears all the security doubts that investors have.

Final Words

With investors losing interest in meme coins, projects like SHIB are facing a hard blow on their gains. However, potential projects like YETIO that not only provide meme-based fun and real-world utility are gaining huge traction, showing chances of huge surge in the future. However, it is well known that the crypto market is highly volatile, and before making any decision, one must conduct a thorough analysis.

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